Gold Prices Dip in Hyderabad: Strong Dollar, Fed Signals Drive Correction

• Gold prices in Hyderabad saw a mild correction last week, with 24K gold slipping by Rs 330 per 10 grams.
• The dip was primarily driven by a strengthening US Dollar, influenced by US Federal Reserve signals on interest rates and inflation control.
• A stronger dollar typically reduces global demand for gold, impacting domestic rates alongside minor rupee fluctuations.
• Prices recovered towards week's end due to positive US economic data and heightened geopolitical tensions, reinforcing gold's safe-haven status.
• Despite the correction, demand in India's jewellery market remained steady, and experts view the dip as a potential buying opportunity.

Why It Matters: Hyderabad gold prices corrected due to a strong dollar and Fed signals, but long-term outlook remains stable.